(Hyperion, Santa Clara, California) -- Hyperion, a leading global provider of performance management software solutions, recently announced that it has agreed to be acquired by Oracle Corp. through a cash tender offer for $52.00 per share, or approximately $3.3 billion.
“Requirements for performance management and business intelligence solutions are increasingly converging,” says Godfrey Sullivan, Hyperion chief executive officer. “Given the critical need for managers across the enterprise to align operational decisions with strategy, now is the right time for Hyperion to combine with a strategic partner like Oracle to deliver the first integrated end-to-end enterprise performance management (EPM) system.”

“The acquisition of Hyperion makes Oracle the category leader in the high growth enterprise performance management market,” says Larry Ellison, Oracle CEO. “Hyperion’s EPM software coupled with Oracle’s business intelligence tools and analytic applications form an end-to-end performance management system that includes planning, budgeting, consolidation, operational analytics and compliance reporting.”

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